VTB will transition to an automated banking system by 2025

by time news

2024-07-14 21:06:02

In recent years, other banks have joined the VTB group, which left its mark on the entire IT infrastructure, so in 2019 the bank has six major banking systems at once, Kulik said. The organization focuses on the task of “bringing our multi-national banking systems into a single system.” In 2022, the bank “almost finished this work”: remove all six core banking systems from the landscape, choose a product from the Center for Financial Technologies (CFT) as the basic solution, of Change to suit yourself and place all the instructions inside. a single circuit. However, due to the fact that the CFT solution is built on the basis of the American Oracle database management system, it is not possible to fully use it by the command of the President. Then VTB decided to create its own core banking system, because the vendor was unable to offer a solution that would provide an acceptable level of service on the existing home hardware and system software.

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